88240 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 88240 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Mexico
CityHobbs
Time ZoneAmerica/Denver
Geo Location32.70781, -103.47152
Population41204
Size1618.34 square miles
Median Family Income$69026.00
Median Home Value$143700.00

Population & Demographics

The following information lists the population statistics and breakdown for the 88240 zip code. The total population is 41204, of which, 20765 are male and 20439 are female. With a total area of 1618.34 square miles, the population density is 25.3 people per square mile. The median age of the population is 29.4 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201136871
201236842
201336906
201437635
201538680
201639568
201740188
201840860
201940944
202041574
202141204

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 39429.6%
Age 5-936238.8%
Age 10-1435188.5%
Age 15-1936768.9%
Age 20-2430037.3
Age 25-2930887.5%
Age 30-3430247.3%
Age 35-3927606.7%
Age 40-441743 4.2%
Age 45-4921655.3%
Age 50-5422055.4%
Age 55-5919594.8%
Age 60-6420925.1%
Age 65-6917594.3%
Age 70-748662.1%
Age 75-795571.4%
Age 80-845761.4%
Age 85 and over6481.6%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 40.7 %
  • Speaks Spanish: 38.7 %
  • Speaks Other Indo-European Language: 1 %
  • Speaks Pacific Island Languages: 0.3 %
  • Speak Other Languages: 0.5 %
Marital Status: 
  • Currently Married: 47.1 %
  • Divorced: 9.3 %
  • Separated (not divorced): 2.7 %
  • Never Married: 35.8 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 88240 zip code is $69026. This is -7.75% less than the national average. This income places 17.8% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $24092. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.00684
$10,000.00 – $14,999.00205
$15,000.00 – $24,999.00530
$25,000.00 – $34,999.00809
$35,000.00 – $49,999.00992
$50,000.00 – $74,999.001932
$75,000.00 – $99,999.001223
$100,000.00 – $149,999.001962
$150,000.00 – $199,999,00673
$200,000.00 +567

YearMedian Family Income ($ USD)
201147460
201253096
201355534
201457828
201561067
201662862
201765155
201864426
201967362
202066568
202169026

Income Source# of Households
Wage or Salary10795
Self Employment1112
Social Security3514
Dividends, Interest, or Rental1113
Retirement1391
Other1270

Total Insured & Uninsured Individuals: 
  • Families Insure: 35366
  • Families Uninsured: 5702
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1391
  • No retirement income: 12485

Education

In the 88240 zip code, 77.3% of individuals over 25 years old have a high school degree or higher, and 16.3% have a bachelors degree or higher. Additionally, 7% of individuals 3 years and older are in private school, and 93% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 88240 zip, there are an estimated 18813 people in the labor force, of which, 17381 are employed, and 1432 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 23.2 minutes. Of the total people that work, 326 worked from home and 16855 commuted. The average number of hours worked is 42.1. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts4892
Services2533
Sales and Office3629
Construction and Maintenance:3177
Transportation and Material Moving3150





Housing

The median home value for the 88240 zip code is 143700. There is an estimated  13876 number of occupied housing units, the median gross rent in is $983 per month, and the average monthly housing costs are estimated to be $818. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000822
$50,000 – $99,0001929
$100,000 – $149,9991813
$150,000 – $199,9991777
$200,000 – $299,9991490
$300,000 – $499,999409
$500,000 – $999,999437
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later85
2010 – 20191596
2000 – 2009843
1980 – 19992376
1960 – 19795272
1940 – 19593265
1939 or earlier439

The median number of rooms in all housing units is 5.2 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500567
$500 – $9991891
$1,000 – $1,4991470
$1,500 – $1,999682
$2,000 – $2,49957
$2,499 – $2,9995
$3,000 + 11

Monthly Housing Costs ($)Number of Households
Less than 3002299
300-4991972
500-7992297
800-9991679
1000-14992871
1500-19991498
2000-2499360
2500-299978
3000+306

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%2246
20%-24.9%580
25%-29.9%133
30%-34.9%197
35+%672



# of VehiclesHouseholds
None827
14362
24796
3+3891
Home Heating Characteristics: 
  • Utility Gas: 46.4 %
  • Bottle Tank or LP Gas: 3.4 %
  • Electricity: 48 %
  • Oil or Kerosene etc: 0.6 %
  • Coal or Coke: 0 %
  • All Other: 1.2 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.